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	Podcast:		The Front Page
	Episode:		Rental crisis looming for retirees
	Category:		News & Politics
	Duration:		00:13:04
	Publish Date:		2019-04-16 04:39:05
	Description:		The growing number of New Zealanders who do not own their homes are in for a tough retirement. That's according to a study out of the University of Otago that argues for a revamp of NZ Super to better protect Kiwis who will still be paying a mortgage when they stop working. Data from the Commission for Financial Capability says that while today 70 per cent of people over 65 are mortgage-free, another 13 per cent are homeowners with some mortgage. But for those nearing retirement, the 55-64 year olds, only one third of them have paid off the mortgage. Another nearly one third of this generation don't own a home at all. And in the plight of a New Zealand nurse kidnapped by Isis, disagreement has broken out between our Government and the Red Cross. See omnystudio.com/listener for privacy information.
	Total Play:		0